How Terence Mills and Veuu are Revolutionizing Healthcare with AI and Blockchain
Millions of lives are impacted every day by healthcare, one of the world’s most vital and intricate sectors. But it also has to deal with many difficulties, such as increasing costs, inefficiencies, fraud, data leaks, and quality problems. Innovative solutions that can harness the potential of artificial intelligence (AI) and blockchain technology are required to solve these problems.
Terence Mills, the CEO of AI.io, a data science and engineering company that imagines, designs, and implements AI solutions in healthcare, travel, and entertainment, is one of the trailblazers in this field. Terence is also a reputable and respected member of the Forbes Technology Council and a monthly writer on AI for Forbes.com. He was named one of the top 50 AI influencers on Twitter in 2018 and 2019.
Terence has a passion for creating large businesses, enhancing efficiency, and improving decision-making. He is also an advocate of a new type of AI that is comprehensible, accountable, fair, and benign. His objective is to support executives and industry leaders in creating truly efficient businesses by providing information to employees so that they can make decisions and improve results.
One of the ways Terence is achieving his vision is through Veuu, a fintech company that offers a unique solution for healthcare payments. Veuu is the only and first AI solution that eradicates A/R days and denials, enabling healthcare providers to get payments instantly at the point of service. Veuu employs blockchain technology to establish a secure and transparent record of transactions, ensuring accountability and trust.
Adjudication is the process of resolving disputes or claims by applying legal rules and principles. AI can be used to help adjudicators in examining evidence, producing outcomes, and ensuring transparency and fairness.
Veuu comprises four modular products: payVeuu, codeVeuu, riskVeuu, and inVeuu.
PayVeuu is a virtual payment platform that permits providers to obtain payments from payers instantly, without fees, intermediaries, or delays. PayVeuu uses blockchain technology to create a secure and transparent ledger of transactions, ensuring trust and accountability.
CodeVeuu is an AI-powered coding engine that automates the process of medical coding and billing, reducing errors, rejections, and audits. CodeVeuu uses natural language processing and machine learning to analyze clinical documentation and generate accurate and compliant codes for reimbursement.
RiskVeuu is an AI-driven risk management tool that helps providers and payers identify and prevent fraud, waste, and abuse. RiskVeuu uses advanced analytics and anomaly detection to signal suspicious claims, patterns, and behaviors, and provide actionable insights for mitigation.
InVeuu is an AI-enabled interoperability platform that enables the secure and smooth exchange of health data among providers, payers, and patients. InVeuu employs blockchain technology to establish a decentralized and encrypted network of data, ensuring accessibility, privacy, and integrity.
By combining AI and blockchain, Veuu is transforming the healthcare industry by eliminating fraud, de-risking claims, improving the quality of care, and enhancing patient satisfaction. Veuu is also enabling a more efficient and effective healthcare system, by creating new opportunities for innovation and collaboration among stakeholders. This product has more details that you can check out here.
